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Coronavirus threatens to derail retail boom for Indian lenders

Indian lenders are facing a jump in coronavirus-related defaults on credit card dues, personal and vehicle loans, forcing them to set aside hundreds of...

 Vijay Mallya asks Indian govt to accept loan repayment offer, close case against him

Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100...

India’s investment policy upsets Xiaomi, Oppo’s consumer finance plans

Tougher scrutiny of foreign investment in India has soured the plans of China's smartphone manufacturers seeking to expand beyond selling hardware for a bigger share of...

India offers $40 billion of collateral-free loans to small businesses

India’s Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 trillion ($40 billion) of collateral-free loans for small businesses, cut the tax rate for...

Tesla’s Musk says ready for arrest as he reopens California plant against local order

Tesla chief executive Elon Musk on Monday said production was resuming at the automaker's sole U.S. vehicle factory, in California, defying an order to...

Indian start-ups get creative as coronavirus crisis fuels funding crunch

Samik Sarkar was managing to eke a profit out of his online apparel store before the coronavirus crisis hit India, forcing the 36-year old to...

International tourism could decline by 60-80 per cent in 2020 due to COVID-19

International tourism could shrink by a whopping 60-80 per cent in 2020 due to the COVID-19 pandemic, resulting in the revenue loss of $910...
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